x External Content - Main Vie x o Mail - Hogge, Suzette - Out x || Topic: Week 12 X Illll W12 Quiz: Chapter 12 X Question 1 - W12 Quiz: Cha X Mosiah 14 X + V X C A https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmh.. @ Update M Gmail BYU-Idaho Guest | BYU-Idaho's.. VMock Dashboard VitalSource Booksh... I-Learn willli Class Voice Thread:... will W05 Quiz: Introduc... @ ACCT 1B Flashcards... apter 12 i Saved Help Save & Exit Submit Olinick Corporation is considering a project that would require an investment of $349,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows (Ignore income taxes.): Sales $ 220,000 Variable expenses 000'TZ Contribution margin 000 '66T Fixed expenses : Salaries 39, 000 Rents 52,000 Depreciation 47,000 Total fixed expenses 138, 000 Net operating income $ 61, 000 The scrap value of the project's assets at the end of the project would be $29,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: (Round your answer to 1 decimal place.) Multiple Choice O 5.7 years O 3.2 years 44.F 4:15 PM Partly sunny Search K ENG 11/28/2022